Goa govt to provide Rs 900 lakh subsidy to KTCL

Panaji, Aug 22 (UNI) Goa government has made a budgetary provision of Rs 900 lakh as subsidy to the state-owned Kadamba Transport Corporation Limited (KTCL) for the current fiscal.

Replying to an unstarred question, tabled in the state legislative assembly today, transport minister Ramakrishna Davalikar told the House that subsidy amounting to Rs 653.5 lakh, Rs 1,100 lakh and Rs 800 lakh for the years 2005-06, 2006-07 and 2007-08 respectively were provided.

The subsidy was towards purchase of buses, diesel/petrol/spares, replacement of old buses and payment of salaries to the staff, he said.

For the current fiscal, the government had budgeted Rs 300 lakh towards investment in public sector undertakings, including the KTCL, he added.